It is located on a very scenic setting.

Zillow and OpenDoor attempted to use software to predict the sale price of properties and their results were/are bad because their software was poor and the inherent limitation of software to deal with subjective data.

Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?

If so, they all have / bring it's own set of questions, guidelines to know about.#4 - Have someone local that you trust, go over zoom and get to ask them question.

Address Your Financial ProfileBridge the Revenue Gap: Highlight your equity in the duplex and use your sale proceeds to demonstrate “skin in the game.”Partner to Compensate Experience: A financially strong and experienced partner can help offset your limited track record.Focus on the Land Deal: Secure the land at a good price, as it’s a crucial step in gaining credibility and attracting partners.Final ThoughtsYou’re entering an exciting and impactful space in real estate development.

So, that makes a BIG difference in How you scale and what your personal “upper limits” are.  

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

If you're still shopping markets, I'm happy to set up a call to discuss how Memphis could be a good fit for you depending on what strategy you're looking to implement.

I have a good cash flowing portfolio that has appreciated extremely well In the last 10 years, it’s a small college town off the radar,   and I know it’s a unicorn situation to find deals that are in markets set for great appreciation, and have solid cash flow, but I know there’s more out there! 

The ability to adapt and think creatively will set you apart.